Le Souk, an online sourcing platform connecting textile suppliers and buyers, has closed an $800K round with the help of SeedInvest.
Le Souk is a sourcing platform showcasing best-in-class suppliers from 19+ countries. Disrupting the antiquated model of trade shows & agents while servicing a growing global market of makers & creatives, Le Souk makes global sourcing possible by bringing together a trusted supplier network, the latest technology, and a community of designers and makers.
“Digital platforms that connect designers & makers directly to textile suppliers remain a key opportunity in revolutionizing the B2B design supply chain,” says Andy Boszhardt, Managing Partner at Great Oaks Venture Capital. “Le Souk has established itself as a premier online solution in this space with quality suppliers in over 19 countries and a highly engaged buyer audience. With this funding, we believe Le Souk has a great opportunity to become the leader in the space as it builds upon a best-in-class technology to connect buyers and sellers 365 days a year.”
“The textile industry is a massive opportunity for tech to disrupt,” says SeedInvest Investment Director Ameet Padte. “Le Souk gave SeedInvest investors the opportunity to invest in a startup cut from the same cloth as other successful companies creating 21st century B2B marketplaces.”
This post was written by Peter Thomson on January 29, 2016
Le Souk Closes Round On SeedInvest